Binding MoU signed to acquire operating Hotel Novotel Imagicaa at Khopoli for Rs. 2,48,00,00,000/-

Binding Memorandum of Understanding (MoU) signed with Imagicaaworld Entertainment Ltd (earlier Adlabs Entertainment Ltd) in relation to the acquisition of the operating Hotel Novotel Imagicaa at Khopoli, Maharashtra, near Mumbai.

Mon 5 Oct 2026

Total Consideration

Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only)

Land Area

About 11 acres

Built-up Area

about 2,80,000 sq. ft.

Guest Rooms

287 guest rooms

Transaction Structure

Seller is not a promoter/group entity; not a related-party transaction; no shares to be issued

What has been announced

Juniper Hotels Limited has entered into a Binding Memorandum of Understanding (MoU) with Imagicaaworld Entertainment Limited (previously known as Adlabs Entertainment Limited) in relation to the acquisition of the operating Hotel Novotel Imagicaa, located at Khopoli, Maharashtra, strategically in close proximity to Mumbai.

• The MoU was entered into on October 5, 2026.
• The Board of Directors, in its meeting held on September 16, 2026, approved the Binding Memorandum of Understanding to be entered with the Seller.
• The Company is expected to execute the definitive documents shortly and will make further disclosures to the Stock Exchanges as and when the same is executed.

What is being acquired and at what consideration

• Total consideration: Rs. 2,48,00,00,000/- (Rupees Two Hundred Forty-Eight Crores Only), subject to tax deduction at source, stamp duty, transaction costs and other adjustments, if any, and subject to the terms and conditions mentioned in the definitive documents.
• The property is spread across approximately 11 acres of land.
• The built-up area is approximately 2,80,000 sq. ft.
• It comprises 287 guest rooms, along with restaurants, banquet and meeting facilities, recreational amenities and other associated hotel infrastructure.

Key structure points disclosed

• The Seller is not related to the promoter, promoter group or group companies of the Company.
• The transaction does not fall within related-party transactions, so the arm's-length disclosure is not applicable.
• The transaction does not involve any issuance of shares by the Company.
• Shareholding, if any, in the entity with whom the agreement is executed: Not Applicable.

How to read this

The announcement records that the two sides have signed a binding understanding for the acquisition of an operating hotel. The consideration is stated as a total amount, and it is subject to tax deduction at source, stamp duty, transaction costs and other adjustments. The Company is expected to execute the definitive documents shortly, with further disclosures to follow as and when that happens.

For a retail reader, the point to note is what is being added: an operating hotel with 287 guest rooms, about 11 acres of land and roughly 2,80,000 sq. ft. of built-up area, in a location described as being in close proximity to Mumbai.

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